Oil prices dip following Iran’s downplay of reported Israeli missile attack

Explosions were heard at an airport in Isafahan, reports  Iran's Fars news agency 

Asia-Pacific economies predicted to grow 4.9pc in 2024, ADB reports

Inflation across the region is expected to reduce to 3.2% this year and 3% next year

India ascends to fourth in global GDP rankings, USA on top

China holds the second spot and Germany the third in the new rankings for 2024

Oil prices set to rise as Middle East tension escalates after Iran’s attack on Israel

Analysts hold that future oil price trends depend on international retaliation measures

Japan threatens WTO action over Pakistan’s auto export policy

Car manufacturers cite high tariffs, lack of FTAs, and a small market for right-hand drive vehicles as reasons for their export challenges

Abu Dhabi targets 178,000 new jobs, 39.3m tourists by 2030

Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has given his approval for the strategy

EU initiates investigations into Apple, Google, Meta under new law

Legislation aims to ensure a fairer and more open digital marketplace for European citizens and businesses

Elon Musk announces plans to open source Grok, challenging ChatGPT 

Musk's decision reflects a broader division within the tech community regarding how artificial intelligence should evolve

India inks $100bn trade deal with EFTA bloc

Agreement seeks to foster economic growth and job creation through increased exports and investments

Dubai imposes 20% tax on foreign banks

Foreign banks operating in the Dubai International Financial Centre are excluded from the tax

India’s fuel demand surges 5.7% due to booming economy

Diesel sales rise by 6%, attributed to heightened factory operations and a rising demand for truck transportation

Egypt signs $8 billion loan deal with IMF

Country implements biggest-ever interest-rate hike and allows its currency to weaken more than 38%

Saudi Arabia hikes oil prices for Asia, lowers for Europe 

Prices for sales to the US kept unchanged

Dubai’s public parking company to raise $429mn in IPO

Price range for Parkin Co. set at 2 dirhams to 2.10 dirhams per share

Oil rises almost 2% as markets await OPEC+ decision

Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the...